Aunt Cathys' Bacardi Rum Cake

Preheat oven to 325. Grease and flour 10 inch tube or 12 inch bundt pan. Sprinkle nuts in bottom of pan.

Mix all cake ingredients together (cake mix, pudding, eggs, 1/2 cup cold water, 1/2 cup vegetable oil and 1/2 cup rum. Pour over nuts and bake for 1 hour. Cool. Invert on serving plate. Prick top with fork.

For glaze, melt butter in a saucepan. Stir in 1/2 cup water and 1 cup sugar. Boil for 5 minutes, stirring constantly. Remove from heat and stir in 1/2 cup of rum. Drizzle and smooth glaze on the cake. Decorate with whipped cream, if desired.